NEW ULM TELECOM, INC. (OTCMKTS:NULM) Files An 8-K Other Events
ITEM 8.01 OTHER EVENTS.

In its Form 10-Q for the quarter ended September 30, 2016, New Ulm Telecom, Inc. (Company) disclosed that it had elected the Alternative Connect America Cost Model (A-CAM) for its Minnesota and Iowa operations, replacing its former interstate common line support. The Company will receive A-CAM support for a period of ten years in exchange for meeting defined broadband build-out requirements. At the time of the Company’s election, the Federal Communications Commission (FCC) had not yet determined the final award numbers.  

Consistent with the stated disclosure in its Form 10-Q, the Company notified the FCC that it would continue to elect the A-CAM program. Under the Report that accompanied the FCC December 20, 2016 Public Notice, NU-Telecom would annually receive (i) $391,896 for its Iowa operations and (ii) $6,118,567 for its Minnesota operations. The Company will use the annual $6.5 million that it receives through the A-CAM program to meet its defined broadband build-out obligations.  The A-CAM payments will replace the Company’s former interstate common line support payments. In 2015, the Company received $1,747,432 under the former interstate common line support program and has receive an estimated $1,970,000 under the same program for 2016.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

99.1 Press release dated January 5, 2017.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

The Private Securities Litigation Reform Act of 1995 contains certain safe harbor provisions regarding forward-looking statements. This Report on Form 8-K may include forward-looking statements. These statements may include, without limitation, statements with respect to anticipated future operating and financial performance, growth opportunities and growth rates, acquisition and divestiture opportunities, business strategies, business and competitive outlook, and other similar forecasts and statements of expectation. Words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “targets”, “projects”, “will”, “may”, “continues”, and “should”, and variations of these words and similar expressions, are intended to identify these forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially from such statements.

Because of these risks, uncertainties and assumptions and the fact that any forward-looking statements made by us and our management are based on estimates, projections, beliefs and assumptions of management, they are not guarantees of future performance and you should not place undue reliance on them. In addition, forward-looking statements speak only as of the date they are made, which is the filing date of this Form 8-K. With the exception of the requirements set forth in the federal securities laws or the rules and regulations of the SEC, we do not undertake any obligation to update or review any forward-looking information, whether as a result of new information, future events or otherwise.

About NEW ULM TELECOM, INC. (OTCMKTS:NULM)

New Ulm Telecom, Inc. (NU Telecom) is a communications company. The Company offers a range of communications products and services. It operates through Telecom Segment. NU Telecom’s principal line of business is the operation of over five local telephone companies or incumbent local exchange carriers (ILEC) and the operation of over two local exchange carriers (CLEC) telephone companies. Its ILEC and CLEC businesses provide local telephone service and network access to other telecommunications carriers for connections to its networks. It also provides long distance service, broadband Internet access, video services, and managed and hosted solutions services. Its businesses provide Internet protocol television (IPTV), cable television services (CATV), Internet access services, including high-speed broadband access, and long distance service. It also installs and maintains communications systems to the areas in and around its service territories in southern Minnesota and northern Iowa.

NEW ULM TELECOM, INC. (OTCMKTS:NULM) Recent Trading Information

NEW ULM TELECOM, INC. (OTCMKTS:NULM) closed its last trading session up +0.20 at 9.90 with 3,550 shares trading hands.